Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $1,500,000

• 1f · All other contributions, gifts and grants

  $666,224

• 2a · Program service revenue: MEMBERSHIP DUES

  total $21,362,238 · related or exempt $21,362,238

• 2b · Program service revenue: EDUCATIONAL COURSES

  total $771,652 · related or exempt $771,652

• 2c · Program service revenue: AIRPORT DATA

  total $222,104 · related or exempt $222,104

• 2d · Program service revenue: EVENT REGISTRATION

  total $106,463 · related or exempt $106,463

• 3 · Investment income

  total $1,024,110 · excluded $1,024,110

• 5 · Royalties

  total $2,530,299 · excluded $2,530,299

• 6a · Gross rents

  real property $350,919

• 6b · Less rental expenses

  real property $322,975

• 6c · Rental income or loss

  real property $27,944

• 6d · Net rental income or loss

  total $27,944 · excluded $27,944

• 7a · Gross sales of assets other than inventory

  securities $69,319,005 · other assets $336,500

• 7b · Less cost or other basis and sales expenses

  securities $67,112,494 · other assets $281,801

• 7c · Gain or loss

  securities $2,206,511 · other assets $54,699

• 7d · Net gain or loss

  total $2,261,210 · excluded $2,261,210

• 11a · Other revenue: COST SHARING

  total $6,110,103 · excluded $6,110,103

• 11b · Other revenue: ADVERTISING INCOME

  total $5,076,454 · unrelated business $5,076,454

• 11c · Other revenue: OTHER

  total $252 · excluded $252

• 11e · Other revenue, total

  $11,186,809

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,436 · program services $1,436

• 5 · Compensation of officers, directors and key employees

  total $3,689,422 · program services $3,556,973 · management and general $132,449

• 7 · Other salaries and wages

  total $15,974,404 · program services $14,785,461 · management and general $1,188,943

• 8 · Pension plan contributions

  total $519,121 · program services $477,688 · management and general $41,433

• 9 · Other employee benefits

  total $1,481,006 · program services $1,351,651 · management and general $129,355

• 10 · Payroll taxes

  total $1,237,115 · program services $1,149,841 · management and general $87,274

• 11b · Fees: legal

  total $133,312 · program services $102,537 · management and general $30,775

• 11c · Fees: accounting

  total $227,178 · program services $209,820 · management and general $17,358

• 11d · Fees: lobbying

  total $167,725 · program services $167,725

• 11f · Fees: investment management

  total $452,052 · management and general $452,052

• 11g · Fees: other

  total $3,575,365 · program services $3,417,973 · management and general $117,427 · fundraising $39,965

• 12 · Advertising and promotion

  total $1,459,715 · program services $1,366,479 · fundraising $93,236

• 13 · Office expenses

  total $3,114,772 · program services $2,816,632 · management and general $130,630 · fundraising $167,510

• 14 · Information technology

  total $2,644,204 · program services $2,481,213 · management and general $162,991

• 16 · Occupancy

  total $608,169 · program services $153,388 · management and general $454,781

• 17 · Travel

  total $1,403,822 · program services $1,396,918 · management and general $4,133 · fundraising $2,771

• 19 · Conferences, conventions and meetings

  total $1,813,058 · program services $1,810,493 · management and general $2,565

• 20 · Interest

  total $109,182 · program services $100,840 · management and general $8,342

• 22 · Depreciation, depletion and amortization

  total $1,645,316 · program services $1,481,152 · management and general $164,164

• 23 · Insurance

  total $482,191 · program services $451,070 · management and general $31,121

• 24a · Other expenses: MAGAZINE PRODUCTION

  total $1,512,313 · program services $1,512,313

• 24b · Other expenses: RENTALS

  total $516,186 · program services $389,842 · management and general $125,144 · fundraising $1,200

• 24c · Other expenses: DUES LICENSES & SUBS.

  total $469,806 · program services $463,966 · management and general $5,840

• 24d · Other expenses: REPAIRS & MAINTENANCE

  total $342,739 · program services $295,470 · management and general $6,675 · fundraising $40,594

• 24e · All other expenses

  total $624,729 · program services $603,430 · management and general $21,299

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,864,787 · end of year $4,037,965

• 4 · Accounts receivable

  beginning of year $2,174,478 · end of year $797,603

• 8 · Inventories for sale or use

  end of year $36,230

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,633,682 · end of year $1,317,545

• 10a · Land, buildings and equipment: cost or other basis

  $31,151,875

• 10b · Land, buildings and equipment: accumulated depreciation

  $22,011,680

• 10c · Land, buildings and equipment, net

  beginning of year $10,040,852 · end of year $9,140,195

• 11 · Investments: publicly traded securities

  beginning of year $34,780,408 · end of year $32,207,612

• 12 · Investments: other securities

  beginning of year $73,019,499 · end of year $86,578,424

• 15 · Other assets

  beginning of year $6,797,611 · end of year $6,661,586

• 17 · Accounts payable and accrued expenses

  beginning of year $4,776,768 · end of year $4,584,328

• 19 · Deferred revenue

  beginning of year $12,055,731 · end of year $10,829,425

• 23 · Secured mortgages and notes payable

  beginning of year $2,813,930 · end of year $2,047,700

• 25 · Other liabilities

  beginning of year $5,262,085 · end of year $5,867,591

• 27 · Net assets without donor restrictions

  beginning of year $106,402,803 · end of year $117,448,116

The filer's explanations (Part III)

PART I, LINE 1A

FIRST-CLASS TRAVEL AND TRAVEL FOR COMPANIONS CERTAIN DIRECTORS AND OFFICERS RECEIVED FIRST CLASS AIR TRAVEL AND TRAVEL FOR COMPANIONS. IT IS THE ORGANIZATION'S POLICY TO TREAT THE ABOVE ITEMS AS TAXABLE COMPENSATION AND REPORT THE APPLICABLE AMOUNTS TO THE IRS ON FORM W-2 OR FORM 1099-NEC FOR THE APPLICABLE TAX YEAR.

PART I, LINE 3

ESTABLISHED COMPENSATION THE COMPENSATION LEVELS AND SALARY RANGES FOR OFFICERS AND CERTAIN EMPLOYEES OF THE ORGANIZATION ARE ESTABLISHED BASED ON COMPETITIVE MARKET DATA OBTAINED THROUGH PERIODIC SALARY SURVEYS PERFORMED BY OUTSIDE COMPENSATION EXPERTS ENGAGED BY THE ORGANIZATION. THESE INDEPENDENT SURVEYS PROVIDE GUIDANCE FOR ESTABLISHING REASONABLE COMPENSATION RATES AS COMPARED TO COMPENSATION PAID BY SIMILARLY SITUATED ORGANIZATIONS FOR POSITIONS OF SIMILAR SCOPE OF RESPONSIBILITY. ALL POSITIONS ARE EVALUATED AND PLACED IN THE APPROPRIATE GRADES/SALARY RANGES. AN INDIVIDUAL EMPLOYEE'S SALARY, WITHIN THEIR ASSIGNED RANGE, VARIES DEPENDING PRIMARILY UPON EXPERIENCE AND PERFORMANCE. THE ORGANIZATION HAS ADOPTED A "PAY FOR PERFORMANCE" PHILOSOPHY ALLOWING MANAGERS TO AWARD MERIT INCREASES BASED ON AN INDIVIDUAL'S PERFORMANCE AGAINST PRE-ESTABLISHED GOALS. THE ORGANIZATION'S ANNUAL MERIT INCREASE BUDGET IS APPROVED BY THE BOARD OF TRUSTEES BASED ON MARKET SURVEYS. OFFICERS AND CERTAIN EMPLOYEES ALSO PARTICIPATE IN THE ORGANIZATION'S INCENTIVE PAY PROGRAM.

PART I, LINE 4B

NONQUALIFIED RETIREMENT PLAN MARK BAKER AND JAMES COON BOTH PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED 457(F) PLAN, WHICH IS INCLUDED IN PART II, COLUMN C. THE 2023 CONTRIBUTION TO THIS PLAN WAS $175,000 FOR MARK BAKER AND $50,000 FOR JAMES COON.

PART I, LINE 7

NONFIXED PAYMENTS TARGET INCENTIVE AMOUNTS, AS A PERCENTAGE OF BASE SALARY, ARE ESTABLISHED BASED ON THE PARTICIPANT'S POSITION. THE ACTUAL BONUS PAID IS PROPOSED BY THE EXECUTIVE MANAGEMENT TEAM AND THE PRESIDENT BASED ON THEIR ASSESSMENT OF THE PARTICIPANT'S INDIVIDUAL PERFORMANCE AND THAT OF THE ORGANIZATION AGAINST PRE-ESTABLISHED GOALS. THE BOARD OF TRUSTEES AND COMPENSATION COMMITTEE REVIEW AND MAKE A FINAL DETERMINATION AS TO THE ACTUAL BONUS AMOUNT PAID TO PARTICIPANTS. NONE OF THE PERSONS MENTIONED ABOVE PARTICIPATE IN THE DELIBERATION OF THEIR COMPENSATION ARRANGEMENT. THE DELIBERATIONS AND DECISIONS OF THESE COMPENSATION ARRANGEMENTS ARE MAINTAINED IN CONTEMPORANEOUS DOCUMENTATION WITH OUR HUMAN RESOURCES DEPARTMENT.

PART I, LINE 8

CONTRACTS THE PRESIDENT/CEO IS PAID PURSUANT TO A BOARD APPROVED EMPLOYMENT CONTRACT THAT WAS BASED ON COMPETITIVE MARKET DATA FROM OUTSIDE COMPENSATION EXPERTS.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• GENERAL AVIATION STAKEHOLDERS UNLIMITED

  GENERAL AVIATION · DE · income $0 · assets $0

  Directly controlled by AOPA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• AOPA HOLDINGS CORPORATION

  C · HOLDINGS CORP · DE · 100% owned · share of income $8,720,409 · share of assets $2,289,450 · controlled entity

  Directly controlled by AOPA